Count Me In
How many times a teller should out cash PAID OUT to a customer
What is 3?
A check should always be cashed or deposited for this amount
What is the amount on the legal/written line?
This is United Bank's only 9 business day hold
What is a New Account Hold?
Someone allowed to make transactions on an account but does not own the funds. Most commonly on business accounts.
What is an Authorized Signer?
At United Bank, this is a teller's signing limit on Cashier's Checks
What is up to $50,000?
This is your cash drawer limit. Remember to always close the day under this amount.
What is $6000?
Calling the issuing bank to verify funds is the first step you should take before cashing or depositing this type of item
What is a Not On-Us Official/Cashier's Check?
How long is a Redeposited Items Hold?
What is 7 Business Days? (No $275 next day availablity)
Shares ownership of the account. Can deposit, withdraw, and inquire on the account.
What is a Joint?
This is ran on all new customers and non-customers and the payee and remitter of a United Bank issued Cashier's Check
What is OFAC?
When tellers are required to balance their drawers throughout the day
What is Mid-Day and End of Day?
A check payable to a business can only be this
What is deposited into the corresponding business account?
This type of hold cannot be used on a check in the amount of $275 or less
What is a Case-by-Case Hold?
Manages assets in a trust for the benefits of others, based on the trust's rules
What is Trustee?
For the purpose of an Application to Purchase, these are considered monetary instruments at United Bank
What are a Cashier's Check and a GPR Card?
Extra cash or coin kept on or near your workstation to help force balance your drawer. Sadly, it does not go MEOW. :(
What is a kitty?
What is a fraudulent check?
If the customer has been overdrawn $6725 for two or more banking days in the past 6 months or if they have been overdrawn six banking days (individually or consecutively) during the past 6 months , this hold type could be applied
What is a Repeated Overdraft Hold?
A business name used by a person or company that is not the legal name of the entity
What is a DBA - Doing Business As?
The system at United Bank starts to collect information for a CTR at ________ and is reported to FinCEN when the total currency exceeds ________ by a person/business on a single banking day.
What is $3000 and $10000?
A procedure where two or more persons are equally accountable for the physical protection of items or records?
What is dual control?
A check that the signature is not falsified, but the date, amount, or payee has been changed from the original
What is an altered check?
This hold allows the customer $275 the next business day, $6450 on the 2nd business day, and access to the remaining balance on the 7th business day
What is a Large Deposit Hold?
Manages a minor's account until the child reaches legal age
What is a Custodian?
When your top drawer must be locked and secured
What is when stepping away?